Conformed Copy - C1970 - National Agricultural and Livestock Research Project - Development Credit Agreement
Legal Dept of World Bank
This Voluntary Standard for Global Gas Flaring and Venting Reduction provides guidance on how to achieve reductions in the flaring, and venting of gas associated with crude oil production, ultimately, to minimize the continuous and non-continuous production flaring and venting of associated gas. The approach set forth in the Standard is intended to support other flare reduction initiatives, and go beyond prevailing flaring, and venting practices that would otherwise occur in many countries. The Standard focuses initially on the largest sources of flaring and venting of associated gas globally, encouraging prioritization of resources to those operations with the largest potential for reduction. The specific focus is to: eliminate routine sources of associated gas venting that could be captured and conserved, or routed to a flare, thereby reducing the direct emissions of methane; and, eliminate or reduce the large sources of associated gas flaring, primarily the major sources of continuous production flaring, other than those related to emergency, safety, and operational upsets. It outlines a cooperative approach for identifying feasible gas utilization alternatives, for the reduction of gas flaring, through consultation with key stakeholders and, as required, for expanding the project boundaries to other fields, or operations within the region. In parallel, it recommends considering options to modify the economic approach, or improve the incentives to enhance project feasibility. For any remaining flaring, it is recommended that industry best practice be adopted to design, and operate flare systems.
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